NOT LISTED FOR SALE

565 Prospect Ave Olean, NY 14760

Estimated Value: $87,000 - $137,000

3 Beds
1 Bath
1,302 Sq Ft
$88/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $85,000 $65 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $703/month

154 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Fireplace
  • 1 Car Detached Garage
  • Wood Flooring
  • Corner Lot
  • Porch

About This Home

As of March 2024

Well maintained East Olean tri-level home. The home has a nice size family room and formal living room with a gas fireplace. The second level has two bedrooms and a full bathroom. The third level has a bedroom with plenty of storage. The interior of the home has been freshly painted. The laundry is right off the family room. There is a detached one car garage and concrete patio to hang out on.

Last Agent to Sell the Property

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-8989 License #10491207167 Listed on: 08/21/2023

Howard Hanna Professionals - Olean

Last Buyer's Agent

Greg Spako

Listing by ERA Team VP Real Estate License #10301201659

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,523

Year Built

  • Built in 1946

Lot Details

  • 7,200 Sq Ft Lot
  • Lot Dimensions are 72x100
  • Corner Lot
  • Rectangular Lot

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,302 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Family Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Open Patio
  • Porch

Schools

  • East View Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 041200-094-050-0006-042-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,523

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1946
  • Attribution Contact: 716-378-8989
  • ResoLaundryFeatures: Main Level
  • Lot Features: Corner Lot, Rectangular, Residential Lot
  • Road Frontage Type: City Street, Main Thoroughfare
  • Directions: On the corner of Prospect Avenue and Grandview Avenue.
  • Architectural Style: Cape Cod
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Garage Yn: Yes
  • Interior Features: Eat-in Kitchen
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.1653
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Blacktop Driveway, Patio
  • Foundation Details: Block
  • Patio And Porch Features: Open, Patio, Porch

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Detached

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Olean
  • Ninth Grade High School: Olean Senior High
  • Middle Or Junior School: Olean Middle

Lot Info

  • Parcel Number: 041200-094-050-0006-042-000-0000
  • Lot Dimensions: 72X100
  • Lot Size Sq Ft: 7200.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3523.0
  • Tax Lot: 42

MLS Schools

  • Elementary School: East View Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2023
Closed on
Mar 29, 2024
Sold by
Martinelli Kathleen E Est and Martinelli
Bought by
Deyoe Michelle L
Seller's Agent
Dennis Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Greg Spako
ERA Team VP Real Estate
List Price
$119,900
Sold Price
$85,000
Premium/Discount to List
-$34,900
-29.11%
Views
382
Current Estimated Value
$113,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,253
Avg. Annual Appreciation
17.87%
Original Mortgage
$86,827
Outstanding Balance
$85,502
Interest Rate
6.77%
Mortgage Type
VA
Estimated Equity
$29,330
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Deyoe Michelle L $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deyoe Michelle L $86,827
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2024 03/28/24 Sold $85,000 -14.9% $65 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
10/30/2023 10/30/23 Price Changed $99,900 -9.1% $77 / Sq Ft
09/01/2023 09/01/23 Price Changed $109,900 -8.3% $84 / Sq Ft
08/21/2023 08/21/23 For Sale $119,900 -- $92 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,104 $64,900 $14,900 $50,000
2023 $1,978 $64,900 $14,900 $50,000
2022 $2,000 $64,900 $14,900 $50,000
2021 $2,550 $64,900 $14,900 $50,000
2020 $371 $64,900 $14,900 $50,000
2019 $365 $64,900 $14,900 $50,000
2018 $807 $64,900 $14,900 $50,000
2017 $516 $64,900 $14,900 $50,000
2016 $1,125 $64,900 $14,900 $50,000
2015 -- $64,900 $14,900 $50,000
2014 -- $64,900 $14,900 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1492728

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-050-0006-042-000-0000